Chinese Firm Supports Nigeria’s $20bn Ogidigben Gas Project China National Chemical Engineering International Corporation Ltd (CNCEC) has announced its commitment to support Nigeria’s ambitious $20 billion Ogidigben Gas Project in Delta State, marking a significant milestone in the bilateral economic ties between the two nations. Li...

NCC Approves 59% Tariff Hike for Telecos  The Nigerian Communications Commission (NCC) has approved the request of telecommunications companies to raise tariff. According to Reuben Mouka, spokesman of the commission, the approval was granted in pursuant to its power under Section 108 of the Nigerian Communications...

CAC strengthens compliance, enforcement mandates for efficient management of entities The Corporate Affairs Commission (CAC) has unveiled plans to strengthen its compliance and enforcement mandates, with a focus on formalising businesses and enhancing post-incorporation compliance. The Registrar-General of CAC, Hussaini Magaji, said this during the in-house...

Why Dangote Adjusted PMS Ex-depot Price Dangote Refinery has clarified that its recent adjustment in the ex-depot price of Premium Motor Spirit (PMS) from N899.50 to N950 per litre is directly linked to the significant increase in global crude oil prices. The refinery announced that all...

Nigeria's First AfCFTA Consignment Arrives Kenyan Port The first shipment from Nigeria under the African Continental Free Trade Area (AfCFTA) has successfully arrived at the Mombasa Port in Kenya. This announcement was contained in a press release signed by Olusegun Olutayo, Senior Trade Expert at the...

Petrol Price Hits N1,150 per Litre Following Dangote's Rate Hike The pump price of petrol has increased, ranging from N1,050 to N1,150 per litre, depending on the location, due to the recent price hike by the Dangote Petroleum Refinery and other depot owners. Dealers confirmed that...